Japan-based Bitcoin investment firm Metaplanet has recently made headlines with a record-breaking daily trading volume of ¥50.4 billion (approximately $337 million) following its latest acquisition of BTC. This surge has positioned the company as the 13th most active firm in Japan in terms of trading activity, surpassing even automotive giant Toyota, which holds the highest market capitalization in the country.
Metaplanet CEO Michael Gerovich took to social media platform X to confirm this milestone, attributing the unprecedented trading volume to a growing investor confidence in the firm. As a result, investor sentiment towards Metaplanet’s stock has remained strong, with a more than 7% increase in value over the past day and a remarkable 41% surge since the beginning of the year. At the time of writing, the stock is trading at ¥5,060 (around $33) according to Google Finance data.
The remarkable trading activity coincided with Metaplanet’s general shareholders meeting, which drew approximately 1,500 attendees. During the event, Gerovich reiterated the company’s dedication to Bitcoin, stating, “MetaPlanet will continue to move forward as a Bitcoin pioneer in Japan. The future is Bitcoin. We are just getting started.”
In March alone, Metaplanet has significantly ramped up its monthly Bitcoin purchases, acquiring a total of 1,115 BTC through five separate transactions. These acquisitions bring the firm’s total holdings to 3,350 BTC, valued at approximately $291 million based on current prices. This aggressive buying strategy is part of Metaplanet’s long-term plan to establish itself as a key player in the digital asset space.
Notable developments within the company include the recent addition of Eric Trump, son of US President Donald Trump, to its strategic advisory board. This move is expected to enhance Metaplanet’s global profile as it expands its influence beyond Japan and into the United States.
Overall, Metaplanet’s recent achievements and strategic moves have garnered attention in the cryptocurrency and investment communities, solidifying its position as a significant player in the Bitcoin market. Investors and industry experts will be closely watching the firm as it continues to make waves in the digital asset space.